ENZHMS
Link Copiedcheck_circle
EV

Malaysia’s xEV Adoption Up 30% in 2024

KS

26-2-2025

Share via

thumb.jpg


Electrified vehicle (xEV) sales in Malaysia surged by 30.4% last year, reaching 46,239 units. This accounted for 5% of total passenger vehicle registrations, according to MITI Minister Tengku Datuk Seri Zafrul Aziz.

Battery electric vehicle (BEV) sales saw the biggest jump, skyrocketing from just 256 units to 38,369 units in 2024.

Based on current trends, the government expects at least 400,000 xEVs — both passenger and commercial — on Malaysian roads by 2030. Tengku Zafrul shared this in a written parliamentary response to Chong Chieng Jen (PH-Stampin), who had inquired about plans to boost EV adoption.


zafrul-1500-ev-charger-(2).jpgCaricarz-MBA-Jaecoo-J7-PHEV-Preview-26.jpg


Malaysia has set ambitious targets for xEV sales, aiming for 20% of total annual vehicle sales by 2030, 50% by 2040, and 80% by 2050.

As of December 31, 2024, the country had registered a total of 119,000 xEVs, Zafrul added in another response to Jimmy Puah Wee Tse (PH-Tebrau).


Screenshot-2025-02-26-145822.jpg


To support this growth, Malaysia currently has 3,611 public EV chargers, including 1,095 DC fast chargers and 2,516 AC chargers. The government aims to install 10,000 chargers by 2025—8,500 AC and 1,500 DC.

However, at Carz.com.my, we’re skeptical. To hit this target, Malaysia would need to roll out 638 chargers every month. Given the financial and manpower demands on local charge point operators (CPOs), this seems nearly impossible.


zafrul-1500-ev-charger-(6).jpg


To encourage BEV adoption, the government has introduced tax incentives. Fully imported (CBU) BEVs are exempt from import and excise duties until December 31, 2025. Locally assembled (CKD) BEVs enjoy full exemptions on import, excise, and sales taxes until Dec 31, 2027.

We believe these incentives must continue. Cutting them off too soon would likely cause BEV sales to drop. The CKD tax exemption, in particular, should extend well beyond 2027 to attract serious investment from EV manufacturers. A mere two-year window won’t convince automakers especially those with only BEV offerings to set up costing local production.




Source: The Star
Share This Article

Written By

KS

More then half his life spend being obsessed with all thing go-fast, performance and automotive only to find out he's actually Captain Slow behind the wheels...oh well! https://www.linkedin.com/in/kumeran-sagathevan/

Share via

JPJ Running Numbers

KUALA LUMPUR

VPD5920

SELANGOR

BSE8143

JOHOR

JXX6702

PULAU PINANG

PRQ7269

PERAK

ANV8184

PAHANG

CFB7859

KEDAH

KGA6086

NEGERI SEMBILAN

NEF9162

KOTA KINABALU

SJK9847

KUCHING

QAB3745L

Last updated 21 May, 2025

Fuel Price

Petrol

RON 95

RM 2.05

RON 97

RM 3.07

-0.03

RON 100

RM 5.00

VPR

RM 6.23

Diesel

EURO 5 B10

RM 2.77

-0.03

EURO 5 B7

RM 2.97

-0.03

Last updated 15 May, 2025

Related News

Auto News
MAS 2025: Record EV Line-Up and Over 500 Vehicles

MAS 2025: Record EV Line-Up and Over 500 Vehicles

Over 200 exhibitors, test tracks, and next-gen models headline the country’s biggest auto event, the Malaysia Autoshow 2025.

09-05-2025
EV
Malaysia Leads ASEAN’s Green Mobility Revolution

Malaysia Leads ASEAN’s Green Mobility Revolution

Malaysia takes the wheel in ASEAN 2025 - driving sustainable mobility and EV innovation.

21-03-2025
EV
Zafrul: No Extension for EV Road Tax Holiday

Zafrul: No Extension for EV Road Tax Holiday

Zafrul confirms no extension for Malaysia’s EV road tax exemption, with new rates taking effect in 2026.

27-02-2025
Auto News
Genesis To Be Assembled In Kulim?

Genesis To Be Assembled In Kulim?

New Hyundai Kulim plant will assemble Genesis models for Malaysia and SEA countries?

27-11-2024
Auto News
Malaysia Set to Become Chery’s Regional Production Hub – MITI

Malaysia Set to Become Chery’s Regional Production Hub – MITI

Following the opening of its new Shah Alam facility, Chery is set to make Malaysia its regional production hub.

08-08-2024
Auto News
Targeted Subsidies Will Not Affect Foreign Investments – MITI

Targeted Subsidies Will Not Affect Foreign Investments – MITI

According to MITI, the implementation of targeted subsidies will not affect foreign investments in Malaysia.

01-04-2024
Auto News
MITI Urges BYD to Invest in CKD Production Amidst Tax Exemption Expiry

MITI Urges BYD to Invest in CKD Production Amidst Tax Exemption Expiry

Amidst the BEV tax exemption expiry in 2025, MITI has encouraged BYD to invest in CKD production here in Malaysia.

23-02-2024
EV
Perodua’s First EV Set to Enter Production in 2025 – Zafrul

Perodua’s First EV Set to Enter Production in 2025 – Zafrul

Perodua is set to begin the production of its first-ever EV model as early as 2025, according to the MITI minister.

17-01-2024

Latest News

EV
PRO-NET Sells One Proton e.MAS 7 Every Hour

PRO-NET Sells One Proton e.MAS 7 Every Hour

Proton e.MAS 7 sales total surpasses 2,700 units at a rate of one unit per hour, holds 26% of local EV market share too.

20-05-2025
EV
Chery-MIDA Initiative Drives Growth in Local Auto Supply Chain

Chery-MIDA Initiative Drives Growth in Local Auto Supply Chain

Chery and MIDA's new supply chain programme drives Malaysia’s push toward becoming a regional automotive hub.

20-05-2025
EV
Chery iCar V27 Teased as Brand’s New Range-Extender SUV

Chery iCar V27 Teased as Brand’s New Range-Extender SUV

iCar CEO Su Jun has published the first teaser image of the brand’s new range-extender SUV, the iCar V27.

20-05-2025
EV
Malaysia's EV Future Hinges on Cross-Sector and Regional Collaboration

Malaysia's EV Future Hinges on Cross-Sector and Regional Collaboration

From policy to infrastructure, Malaysia sees regional and cross-sector cooperation as key to EV leadership.

20-05-2025
EV
PRO-NET and Shell Recharge Rolls Out Integrated Charging Solutions

PRO-NET and Shell Recharge Rolls Out Integrated Charging Solutions

PRO-NET partners with Shell Recharge to expand EV charging access nationwide, offering convenience for e.MAS and smart EV users.

19-05-2025
EV
Geely Geome Xingyuan Production Hits 200,000 Units in China

Geely Geome Xingyuan Production Hits 200,000 Units in China

Proton e.MAS 5 twin, the Geely Geome Xingyuan, achieves a 200,000-unit production milestone to become China’s top-selling model.

19-05-2025
EV
Mazda EZ-6 Gains New ‘Sports Edition’ Version in China

Mazda EZ-6 Gains New ‘Sports Edition’ Version in China

Changan Mazda has unveiled a sportier ‘Sports Edition’ version of its already sleek Mazda EZ-6 EV saloon in China.

19-05-2025
EV
MGS5 EV Set for Official Launch on May 20

MGS5 EV Set for Official Launch on May 20

MG Motor Malaysia gears up to reveal the price of its new MGS5 EVl on May 20.

16-05-2025

Show More

trending_flat
Carz Automedia Malaysia Logo
About Us

CarzAutoMedia: Stay connected to the latest car news! Get instant updates on new releases, industry trends, and automotive innovations. Your go-to source for 24/7 coverage of everything automotive.

© 2024 CariCarz.com. All Rights Reserved.